You will be automatically redirected to AutoRemarketing.com in 5 seconds

Former Chrysler boss now part of tech company Ioxus

Monday, Jul. 24, 2017, 11:13 AM

By AuSM Staff

ONEONTA, N.Y. -

The former top boss at Chrysler now has a new leadership position with a company that designs and manufactures smart power storage technology for transportation, alternative energy, medical, industrial and grid connected markets.

On Monday, Ioxus named Robert Nardelli as the company's chairman of its board of directors. Nardelli is an internationally recognized business leader with extensive experience, including the two-year span as chairman and chief executive officer of Chrysler

Nardelli also has been with Home Depot and General Electric, and has been on the boards of companies such as Coca-Cola and Pep Boys. He is currently serving on the BWXT Board and is the CEO and founder of XLR-8, an investment and advisory company.

At General Electric, Nardelli held a variety of assignments, including president and chief executive officer of GE Power Systems and GE Transportation Systems, CEO of Canadian Appliance Manufacturing Co. and various executive positions. After his career at GE, Nardelli became chairman, president and chief executive officer of Home Depot.

Following his tenure at Home Depot, Nardelli was tapped in 2007 to lead Chrysler during a tumultuous time for the auto industry.

“We are very pleased to have Bob join our board, with his knowledge and outstanding C-level relationships at blue chip customers,” Ioxus president and CEO Mark McGough said.

“Bob brings more than four decades of high level executive experience in a career filled with successes at some of the largest companies in the world, and this makes him an exceptional fit for our vision going forward,” McGough continued. “Bob is known internationally as an expert in key strategic industries, which we believe will drive enormous growth for Ioxus."

According to Nardelli, “Ioxus has been on my radar for some time. They have the strongest technology in the ultracapacitor space, with smart electronics coupled with higher power densities, higher temperature capability and more innovative system designs. The transportation industry has taken seriously the challenge for improved efficiency, lower environmental impact and growing customer demands for increased electrical/electronic features.

“Ioxus’ proprietary technology, such as the uSTART and X-Series, is meeting these challenges, particularly in the commercial vehicle and grid connected sectors,” Nardelli went on to say. “The potential for rapid growth, backed by Elliott Management, one of the largest private equity firms in the world, and an extraordinarily talented and experienced management team, made it an easy decision to join with this board.”